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Exclusive: Millions in Bribes for U.S. Mail Contracts
Sam and Jay Yoon gave 2 million dollars in kickbacks to U.S. postal employees in exchange for 15 million dollars worth of government contracts, according to plea documents
www.courtwatch.news
Millions in Bribes for U.S. Mail Contracts
Sam and Jay Yoon gave 2 million dollars in kickbacks to U.S. postal employees in exchange for 15 million dollars worth of government contracts, according to plea documents
“… Court documents describe two unnamed postal workers as conspiring with the Yoons to receive and conceal the illegal payments – and, in a meeting with one of the brothers, discussing the creation of a trucking company to cash in on the fraud scheme and split the proceeds.
Court documents state one of the workers – a “senior network operations analyst” – received about $1.3 million in payouts tied to “Sam” Yoon’s company winning two contracts in 2018 that were extended through June 2022. The two contracts paid out about $12.1 million to Colorado-based Postal Box Inc., a company started by Sam Yoon in 2015, according to a charging document filed Sept. 10.
“[Sam] Yoon admits that beginning in approximately Fall 2018, Yoon conspired with USPS Employee A and USPS Employee B to have the USPS officials help Postal Box obtain a USPS contract in exchange for USPS Employee A and USPS Employee B receiving proceeds of the contract,” states a court document.
Employee “B” – a “network specialist” – received a $5,000 payout after Postal Box won contracts “to provide shipping services for the Denver Postal Distribution Center and elsewhere,” court documents state.
Earlier in 2018, court records say the senior network operations analyst threatened to end the contract scheme if the bribes weren’t increased during a meeting with Sam Yoon and an unnamed “Contractor A” with the company where Sam Yoon worked at the time. …”
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Sounds like about $2 million in bribes (much of which came in corrupt profit sharing) for $15 million in business.